United States has imported about 0.51 MnT Pig iron in Sept’18, the recent released data by US custom showed.
The imports by the nation recorded a surge of 46.11% M-o-M against 0.35 MnT in Aug’18. During Sep’18, Russia has exported approximately 59% Pig Iron (0.30 MnT) to the nation. While on yearly basis, Pig iron imports by the nation rise by 52.69% in Sep’18 as against 0.33 MnT in Sep’17.
In CY18 (Jan-Sep), the nation has imported about 4.34 MnT Pig Iron; surge by 10.20% as compared to 3.94 MnT in the same preceding last year. Russia, Ukraine & Brazil was the major Pig Iron exporter to United States which exported about 2.26 MnT (52.13%), 1.40 MnT (32.28%) & 0.47 MnT (10.90%), respectively.
As per the SteelMint analysis, in the month of Sep’18, the crude steel production of United States was around 7.25 MnT, decline by 2.81% M-o-M against 7.46 MnT in Aug’18 and in CY18 (Jan-Sep) it was approximately 63.4 MnT, surge by 3.07% against 61.51 MnT in CY17 (Jan-Sep).
In context to export prices, global offers for steel grade pig Iron is assessed at USD 365-375/MT FoB India, USD 360-365/MT FoB Black Sea & USD 345-355/MT FOB Brazil.
USA Billet imports
United States Billet imports plunged by 28.50% & stood at 0.44 MnT in Sep’18. Brazil has exported approximately 0.24 MT billets to USA, decline by 55% against 0.44 MT in Aug’18. Inline billet imports from Russia fall by 29% & stood at 0.12 MnT in Sep’18 as against 0.17 MnT in Aug’18.
The export offers of 150*150 IS 2830 grade billet are currently at USD 455-465/MT FoB India, 125*125 3SP at USD 455-465/MT FoB Ukraine & 150*150 Q235 are at USD 500-505/MT FoB China.
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